Cedes acquires Vitector

capiton portfolio company Cedes is proud to announce the acquisition of the Vitector portfolio from Fraba, securing a leading position in the industrial door sensor market. As a global leader in elevator sensors, Cedes successfully applied its technology expertise and power of innovation to gain a foothold in the industrial door market, providing ultra-reliable safeguarding solutions. With the acquisition of Vitector, Cedes aims to strengthen this second strategic pillar.

Vitector has a long-established international reputation in the industry and offers products that ideally complement the Cedes portfolio, such as optical sensing edges, reflective photo eyes, airwave switches, door switches and door accessories. Thanks to the combined know-how and additional infrastructure, Cedes can now offer a complete range of proven solutions for industrial door safeguarding. At the same time, Vitector further strengthens Cedes’ capacity for innovative product developments.

capiton, together with Co-investors, acquired Cedes from Assa Abloy in September 2020. Cedes operates in the field of sensor technologies based on photonics, as well as safe network and control systems. The company offers its innovative solutions for elevators, escalators, industrial doors, and warehouse management systems in more than 60 countries.

Christian Thöny, CEO of Cedes, comments: “The acquisition of Vitector represents an important milestone in Cedes’ history as it will significantly accelerate our growth in an attractive market while remaining loyal to our core business in elevator sensors.”

Christoph Spors, Partner at capiton, adds: “The acquisition of Vitector exemplifies capiton’s approach of transforming portfolio companies through organic, but also inorganic growth initiatives. We are very pleased that Vitector can further strengthen Cedes’ attractive portfolio of sensor technology solutions.”

Transaction summary

Cedes acquires Vitector with financing provided by capiton’s current investment vehicle, capiton VI, as well as Co-investors investing alongside capiton VI. Sellers and buyers have agreed not to disclose the financial terms of the transaction. Cedes was advised by BMH Bräutigam (Legal), KPMG (Financial), and EY (Tax).

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